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That roadside motel may still look shady, but at least it keeps the germs at bay. According to a new study from Million Insights, hygiene and cleanliness issues in a variety of industries has driven market demand for antimicrobial coatings, which topped $2.4 billion in 2016. The use of antimicrobial coatings may ultimately impact the disinfectant and cleaning product category.
North America accounts for 35% of the market, and is expected to grow at a CAGR of 11.1% from 2016 to 2025. High living standards coupled with growing healthcare and facility expenditure in the US are the major driving forces. The growth of major industries such as medical, construction, paint, automobile and food mainly in Asia Pacific region will serve as major opportunities for investment in this region, according to Million Insights.
North America accounts for 35% of the market, and is expected to grow at a CAGR of 11.1% from 2016 to 2025. High living standards coupled with growing healthcare and facility expenditure in the US are the major driving forces. The growth of major industries such as medical, construction, paint, automobile and food mainly in Asia Pacific region will serve as major opportunities for investment in this region, according to Million Insights.